Catch every movement in a range
The GRID bot tries to catch every price movement in the specified range.
The bot splits the range into multiple levels and places a buy or sell order on every level, which allows one to buy every drop and sell every rise.
As the bot places both buy and sell order at the same time, it requires both coins from the pair to trade. If you trade BTC against USDT, you need both BTC and USDT.
Upper & lower prices
These are limits of the range where the bot trades.
Let's say the current BTC price is near $7000, and you want to trade $800 range both up and down.
It makes $7800 as an upper limit price and $6200 as a lower limit price.
Split it into a grid
Now the bot needs to split the provided range into multiple levels.
The grid quantity setting dictates how many splits the bot should do. AI strategy determines it automatically.
Now you want to set 9 grids, well, to make the example simple.
We have a GRID! See why the bot called so?
Avoid the closest level
GRID bots don't take the risk by trading the nearest level to the current price. Here it's the level #5, so the bot removes it.
Make it red and green
The bot turns all levels below the current rate into buy orders, and all levels above to sell orders.
The price rises
Whenever a sell order fills, the bot places a new buy order one level lower.
Say the price reaches $7200 and fills your order, then the bot places a new buy order at level #5.
Level #6 is inactive now as it's closest to the current price.
And then it drops
Whenever bot buys more coins, it places a new sell order one level higher.
The price reaches $7000 and fills your order, and the bot places a new sell order at level #6.
The level #5 is closest to the current price and inactive now.
It continues until you stop the bot
See the animated example on the GIF below or use this link to open a bigger version.
Enable access to beta features
The GRID bot is in beta currently, enable access to it in your profile settings.
You can switch to the manual strategy when creating a GRID bot.
The manual mode allows you to all settings the example's used:
- The upper limit price is the price of the highest level.
- The lower limit price is the price of the lowest level.
- The grid quantity is the number of levels you want to trade. If you set ten grids, the bot will make seven additional levels between upper and lower limits. The bot ignores the closest level to the current rate, and the highest and lowest limits become levels themselves.
- The quantity per grid is the size of one order. The bot will buy and sell in sizes according to this setting.
If you wonder why the bot with 20 grids and 0.05 BTC per grid requires 0.95 BTC instead of 1 BTC, it's the ignored level closest to the current price. The bot always has one less active order than the grid quantity.